Home Seller Guide

Disclosure Laws

There are numerous Federal and State of Nevada disclosure laws that are required to complete a variety of real estate transactions. Listed below are the most commonly used disclosure laws.

Sellers Real Property Disclosure:
A seller of residential real property in Nevada must disclose any and all known conditions. This form is a disclosure of the condition and information concerning the property known by the sellers that materially affect the value of the property.

Lead Based paint:
Federal law is a notice of a property built before 1978 to a purchaser that the property may contain lead based paint.

Common Ownership: Information disclosing home owner's rights and obligations. Conditions & Restrictions {CC&R's} on how a owner may use their property.

Mold and Fungi: Disclosure by the seller of a property stating that fungal contaminants may exist but the owner is unaware.

Duties Owed: Provides disclosure and designates what licensee {agent} is acting for what party in a real estate transaction.

Confirmation Regarding Agency Relations: In the event any party to the real estate transaction is also represented by another licensee who is affiliated with the same company, the broker may assign another licensee to act for each party

Consent to act: When a licensee is acting for more than one party in a real estate transaction.